This new report, now available on ASDReports, Global Stem Cell Technologies and Applications Market 2017-2027: Cancer, Cardiovascular, CNS, Other Disease Areas and Non-Therapeutic Applications indicates that the global stem cell technologies and applications market will see $17,768 million in spending in 2020.
The global stem cell technologies and applications market is expected to grow at a CAGR of 13.4% in the first half of the forecast period and CAGR of 10.5% in the second half of the forecast period. The market is expected to grow at a CAGR of 11.7% from 2016 to 2027. The market is estimated at $10,751 million in 2016 and $17,768 million in 2020.
The lead analyst of the report said: “In 2016, the key player estimates that the total global stem cell and technologies and applications market reached revenues of approximately $10,751 million. We estimate that stem cell therapies accounted for 42.7% of the revenues in the market, whilst non-therapeutic applications accounted for 57.3%.
We believe that the US led the market for stem cell technologies and applications in 2016. This is largely due to the greater cost of HSCT, higher demand and provision of cord blood banking services, and higher stem cell research output in the US. The greater availability of funds also makes the USA stem cell market potentially more attractive to market players.